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With that amount of money, I can live 100 years. Housing, insurance, food, every basic need covered (and I ll own my house for goods, no loan). Why the hell wo

With that amount of money, I can live 100 years. Housing, insurance, food, every basic need covered (and I ll own my house for goods, no loan). Why the hell would I start a company ?

dumbfoundded 8y ago
Good question. Don't. If you want to start a company to make money then it's probably a bad decision. Become an SV software engineer or a wallstreet banker. You can become a skilled trades-person and make 6 figures within 5 years. Starting a company lowers the floor and raising the ceiling on your potential outcomes. It is a giant risk.
- Phenix88be 8y ago
  I don't understand. Making money is the goal of a company. People start company to get rich. > Become an SV software engineer or a wallstreet banker I don't know what a "SV" software engineer (non english native, sorry if it's obvious). I m a Web developer from Belgium and I make just a little more money than a factory worker. It's not the US here...
  - droithomme 8y ago
    > People start company to get rich. Some people that try to start a company do it for that reason. Most of those people with that motivation fail miserably. The viewpoint that entrepreneurship is the domain of the greedy pigs that must be sneered at is viewpoint of the entitled, supremacist, antimeritocracy failed old world aristocratic elite, the modern anarchists, and the stalinists.
  - dumbfoundded 8y ago
    By SV, I meant Silicon Valley. If you work for a big company for many years and you do well, you basically guarantee that you'll have a couple million dollars by the time you're 40. Similarly with finance, law, medicine. There are many high paying jobs that guarantee you to have a very comfortable life. Entrepreneurs have the opposite. Sure you could be worth 100s of millions but most likely you will lose your money. Or work twice as hard to provide yourself half the salary.
lm28469 8y ago
Where do you live for 200$ a month ? Even without considering inflation I have my doubts.
icedchai 8y ago
You're saying you can live for $200 USD/month. Where are you located?
- Phenix88be 8y ago
  I did the math "a bit" quickly, but my point is that you can live on that money for a long time if you save it well. I m from Belgium. If you own your house here, 700€ is enough for a month, and with 100.000€ you can have a little house if you can afford to live far from the big cities. I wont do much with 700€, but I will not starve. You can even save money if you have a garden and get free food from it. It isn't sustainable I know that. But if you have that amount of money, why the hell start a company with the stress and the I don't know, 90% chance of losing your money ? Get a part time job and enjoy your life...

With that amount of money, I can live 100 years. Housing, insurance, food, every basic need covered (and I ll own my house for goods, no loan). Why the hell would I start a company ?

dumbfoundded 8y ago

Good question. Don't. If you want to start a company to make money then it's probably a bad decision. Become an SV software engineer or a wallstreet banker. You can become a skilled trades-person and make 6 figures within 5 years. Starting a company lowers the floor and raising the ceiling on your potential outcomes. It is a giant risk.

Phenix88be 8y ago
I don't understand. Making money is the goal of a company. People start company to get rich. > Become an SV software engineer or a wallstreet banker I don't know what a "SV" software engineer (non english native, sorry if it's obvious). I m a Web developer from Belgium and I make just a little more money than a factory worker. It's not the US here...
- droithomme 8y ago
  > People start company to get rich. Some people that try to start a company do it for that reason. Most of those people with that motivation fail miserably. The viewpoint that entrepreneurship is the domain of the greedy pigs that must be sneered at is viewpoint of the entitled, supremacist, antimeritocracy failed old world aristocratic elite, the modern anarchists, and the stalinists.
- dumbfoundded 8y ago
  By SV, I meant Silicon Valley. If you work for a big company for many years and you do well, you basically guarantee that you'll have a couple million dollars by the time you're 40. Similarly with finance, law, medicine. There are many high paying jobs that guarantee you to have a very comfortable life. Entrepreneurs have the opposite. Sure you could be worth 100s of millions but most likely you will lose your money. Or work twice as hard to provide yourself half the salary.

lm28469 8y ago

Where do you live for 200$ a month ? Even without considering inflation I have my doubts.

icedchai 8y ago

You're saying you can live for $200 USD/month. Where are you located?

Phenix88be 8y ago
I did the math "a bit" quickly, but my point is that you can live on that money for a long time if you save it well. I m from Belgium. If you own your house here, 700€ is enough for a month, and with 100.000€ you can have a little house if you can afford to live far from the big cities. I wont do much with 700€, but I will not starve. You can even save money if you have a garden and get free food from it. It isn't sustainable I know that. But if you have that amount of money, why the hell start a company with the stress and the I don't know, 90% chance of losing your money ? Get a part time job and enjoy your life...